DORMAN JOHN C 4

What Happened

• John C. Dorman, a director of SmartRent, had 182,926 restricted stock units (RSUs) vest on May 11, 2026; those vested RSUs converted into 182,926 shares and the same number of shares were reported disposed at $0 (typical of tax withholding/settlement). On May 12, 2026 he was granted 131,578 new RSUs (no cash paid).
• No cash proceeds or market purchases/sales were reported — the transactions reflect compensation-related RSU vesting/settlement and a subsequent RSU award, not an open‑market trade.

Key Details

• Dates and entries:
  • 2026-05-11: 182,926 RSUs vested and converted to shares (acquired); 182,926 shares reported disposed at $0 (derivative; likely withheld for taxes).
  • 2026-05-12: 131,578 RSU award granted (acquired) @ $0.
• Prices/values: All entries show $0 cash consideration; no sale proceeds reported (these are compensation/withholding entries).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes / notable items:
  • F1/F3: The 182,926 shares were acquired upon RSU vesting; those RSUs vested in full on May 11, 2026.
  • F2: Each RSU equals one share of Class A common stock.
  • F4: The 131,578 RSUs will vest in full upon the earlier of May 12, 2027 or immediately prior to the issuer’s next annual meeting.
• Filing timeliness: Report filed 2026-05-13 for transactions on 5/11 and 5/12; this appears to be a timely Form 4 filing (within the standard two‑business‑day window).

Context

• These transactions are compensation-related (RSU vesting and a new RSU grant). The immediate disposition at $0 typically indicates shares were withheld or surrendered to satisfy tax withholding obligations, not a market sale.
• Such awards and withholdings are common and do not by themselves indicate an executive buying or selling shares for investment reasons.